If the US Imposed an Import Quota on Apples, Then Which of Which

question 360

Multiple Choice

If the U.S. imposed an import quota on apples, then which of the following would rise?

• A)the U.S. real exchange rate and U.S. net exports
• B)the U.S. real exchange rate but not U.S. net exports
• C)U.S. net exports but not the U.S. real exchange rate
• D)neither the U.S. real exchange rate nor U.S. net exports

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